Amsterdam is the new home for EMA

After much anticipation and uncertainty, the European Medicines Agency (EMA) has a new home, post-Brexit. ItÃ¢â‚¬â„¢s Amsterdam!

The Council of European Union comprised of 27 EU member states arrived at the decision on Monday, November 20 after three rounds of voting and a drawing of lots. The result alleviates the concern of many of the EMA staff who feared many of the contender cities may impinge on critical functions of the EMA due to a dearth of local talent and expertise.

Amsterdam, Milan and Copenhagen were the three finalists that survived the first round of voting. Copenhagen was eliminated in round two and there was a 13-13 tie in round three as a result of SlovakiaÃ¢â‚¬â„¢s abstention. In the subsequent draw of the lots, Amsterdam emerged victorious.

The dramatic vote caps off more than a year of uncertainty and aggressive bidding to host the agency ever since the UK voted to leave the EU. Earlier this year, the EMA assessed the impact of moving to 19 candidate cities that had made official bids to host the EMA headquarters. Ã‚Â

The assessment characterized scenarios ranging from a Ã¢â‚¬Ëœpublic health crisisÃ¢â‚¬â„¢ if the EMA were to relocate to 8 of the 19 candidate cities (primarily those in Eastern Europe) to the Ã¢â‚¬Ëœpossibility of delaysÃ¢â‚¬â„¢ in approving medicines if any one of 5 of 19 candidates were chosen (a group that included Amsterdam).

With the move to Amsterdam, the EMA is expecting over 65% staff retention rate and is predicting impact on functions like corporate governance, audits, attendance of conferences and public health initiatives. The EMA is not expecting critical impact on the assessment of medicines and safety monitoring, but may experience some delays.

To stay current on how the EMA move to Amsterdam will impact you and to remain abreast of regulatory changes globally, contact RegDesk. We provide healthcare companies the absolute-fastest way to enter global markets while reducing their costs.